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BTC Moving inside Micro channel

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BTC Moving inside Micro channel
註釋
could touch 7900
註釋
it could be a bear trap - unless it move past 8022
註釋
To be going down , BTC has to exit past 8022 . if not its a Bear trap and a fake drop
註釋
two minute Graph version - if BTC hits 8110 this will makes double bottom .
So BTC can bounce up here.

Two minute version
註釋
The two minute Graph above shows BTC has bounced off the double bottom at 8110
8175 is required to confirm the bounce upwards.
註釋
this is a bear trap shake out, which can drop to 7900/7800 or worse case 7400.
One this bear trap completes BTC should shoot back up and complete the movements to the 8800 area.
The real Bull-trap happens comes after BTC hits close to around 9k and will drop BTC close to the 4k area.
註釋
BTC can attempt reversal here at 7900

Double bottom  hit at 7900 - good spot for a reversal
註釋
There perfect bounce spot will be around 7460 and the reversal at 7900 should be temporary .

BTC common moving average between the 1 and  4 hour is at 7460 ,

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